Schmid, Frank A. (contributor); Wahrenburg, Mark (contributor) - 2002 - [Elektronische Ressource]
significantly, the Takeover Act allows management to take defensive actions against
unsolicited takeover bids on the condition that … these actions are in the corporation's best
interest. The law explicitly states that management may solicit competing bids … management may take at its own discretion within 18 months of such a
shareholder resolution.
In the interim, the European …